Every month, we conduct a survey of Canadians and Americans to explore their views on the economy and finances. This month, our survey was conducted between September 27 and 29, 2024.
Some of the key highlights of our survey about the economy include…
- The survey reveals that 61% of Canadians consider their household finances to be in good shape, with 9% rating them as very good and 51% as good. Quebecers (71%) and Canadians aged 55 and older (72%) are more likely to consider their finances to be in good shape. Canadians aged 35 to 54 are more likely to view their finances as poor (47%).
- More than four in ten Canadians (43%) who are currently employed fear losing their job within the next 12 months. This represents a 4-point increase since last month.
- Moreover, 47% of Canadians report living paycheck to paycheck. This proportion rises to 54% among Canadians aged 18 to 34 and to 57% among those aged 35 to 54. In the United States, 60% of Americans live paycheck to paycheck.
- Nearly six out of ten Canadians (57%) believe the country is in an economic recession.
Methodology
This web survey on the economy was conducted from September 27 to 29, 2024, with 1,626 Canadians and 1,010 U.S. residents, 18 years of age or older, randomly recruited from LEO’s online panel.
A margin of error cannot be associated with a non-probability sample in a panel survey. For comparison purposes, a probability sample of this size yields a margin of error no greater than ±2.43%, (19 times out of 20) for the Canadian sample and ±3.08%, (19 times out of 20) for the American sample.
